From a technical standpoint, the Nasdaq 100 could be eyeing near-term gains. Prices have left behind a Bullish Engulfing candlestick pattern, opening the door to an upward extension.
This also follows positive RSI divergence, which showed that downside momentum was fading.
Prices closed above the 20-day Simple Moving Average as well.
Further gains would place the focus on the early October high at 11729.
Keep a close eye on a potential falling trendline from August (red-dashed line). It could reinstate the downside focus, falling toward the February 2020 high at 9763. Otherwise, more gains could be in store toward September peaks.
NQ1!
This also follows positive RSI divergence, which showed that downside momentum was fading.
Prices closed above the 20-day Simple Moving Average as well.
Further gains would place the focus on the early October high at 11729.
Keep a close eye on a potential falling trendline from August (red-dashed line). It could reinstate the downside focus, falling toward the February 2020 high at 9763. Otherwise, more gains could be in store toward September peaks.
NQ1!
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。